GlobeTax - Endowment

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Endowments

GlobeTax Helping to Support the Cause!

Endowments and Foundations often have the opportunity for tremendous tax reclaims. Many countries treat them the same way that they treat pension funds and will allow for total reclaim of all withholdings because of their tax status.

In recent years, endowments and foundations have been a leading force among institutions entering the alternative investment arena. Even though a portion of the overall portfolio may be benefiting from tax reclaim services from the custodial bank which holds the more traditional asset classes, investments in hedge funds will be held at the prime broker used by the hedge fund.

These assets will not be visible to the endowment or foundation's custodial bank and will not receive the same tax reclaim services. Prime brokers do not offer tax reclaim services to their clients because their hedge fund clients will not divulge the underlying partner information they would need to provide such a service. GlobeTax, in providing tax reclaim services to hundreds of endowments and foundations, has helped to recoup millions of dollars in excess withholdings, assisting these groups in fulfilling their missions.

For more information on how GlobeTax can help your organization increase investment performance and add more money to your fund's coffers please click here.